As buyers flock to the Greater Geelong region for a lifestyle change with all the amenities, many seniors are looking to downsize their family home and capitalise on the growing market demand.
Over the past 12 months, the region of Greater Geelong has seen medium house prices increase by 13.1 per cent which is not too dissimilar to Melbourne’s price increase at 13.9 per cent in the same period to September 2017.
As prices continue to increase, Victorian seniors in the region are turning to the emerging suburb of Lara to downsize and reap the financial rewards of the land lease ownership model.
Nestled at the gateway to Geelong, and with links to the M1 for the Bellarine Peninsula, the Surf Coast and Melbourne, Lara is becoming a highly sought after location for those looking for a change in lifestyle.
In a bid to cater to the growing demand from seniors looking to downsize and capitalise on the regions popularity, Ingenia Lifestyle Lara has released the community’s fourth stage of homes.
Regional Sales Manager Zoe Ilich-Paul said 2017 had been a bumper year so far for the community with 10 new homes in stage four selling in just weeks.
“The community’s popularity among downsizers, from both the local region and those seeking a tree change is on the rise, with our community welcoming many new residents this year alone,” Ms Ilich-Paul said.
To celebrate the launch of the new release of homes, Ingenia Lifestyle Lara is hosting a spring-themed open day for seniors on Saturday 21 October from 10am to 2pm.
Guests will be able to come in and explore the increasingly popular lifestyle-focussed land lease community where affordability and convenience are combined.
“Our community provides the perfect alternative to traditional city living for prospective homebuyers, particularly with the launch of our new homes,” Ms Ilich-Paul said.
“Our range of homes provides buyers with the option of selecting their new home based on their individual needs, whether it be for singles, couples or those who require a little extra space after downsizing,” Ms Ilich-Paul said.
“Locals will see first-hand the benefits of downsizing into a land lease community specifically tailored to meet the needs of active seniors where they lease the land and secure ownership of a brand new home.
“Ingenia Lifestyle Lara’s open day provides the opportune time to tour the community, view the range of display homes and mingle with residents.”
Residents, family and local community members are invited to Ingenia Lifestyle Lara’s Spring Open Day on Saturday 21 October from 10am-2pm at Ingenia Lifestyle Lara, 40 Watt Street, Lara.
Book with Zoe Ilich-Paul on 0436 653 793.
